Exterran Awarded Compression Station in Brazil

abarrelfullabarrelfull wrote on 07 May 2014 11:48
Tags: brazil engineering exterran petrobras s-america

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Exterran Holdings, Inc. (NYSE:EXH) today announced that on March 25, 2014 it signed a 12-year compression services contract with the consortium BCAM-40, where Petroleo Brasileiro S.A.(Petrobras) is the field operator, and will commence operations following Exterran’s construction and installation of a compressor station in Bahia, Brazil. The project will utilize approximately 28,000 horsepower of compression equipment, as well as associated natural gas production equipment.

The land-based compressor station will compress gas from the Manati Field offshore Brazil for transportation via pipeline to a customer-owned natural gas treatment facility in São Francisco do Conde, Brazil. The compressor station is expected to have a total volume capacity of approximately 230 million standard cubic feet of natural gas per day starting in mid-2015.

"We are excited by this opportunity to partner with Petrobras and to build on our leadership in natural gas compression worldwide," said Exterran President and CEO Brad Childers. "We look forward to building on our legacy of experience, technical expertise and commitment to service in Brazil."

In addition, Exterran has been awarded a number of other contract compression projects in Latin America during the first quarter 2014 including two in Mexico involving a total of 19,000 horsepower of compression and another in Colombia utilizing 6,000 horsepower, plus expansions to current projects in Argentina involving 17,000 additional horsepower. The majority of these projects have minimum contract terms of approximately four years.

Exterran is a global market leader in full service natural gas compression, operating approximately 4.3 million horsepower of compression assets around the world, including about 800,000 horsepower in Latin America.

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